Note 15 - Subsequent Event

12 Months Ended

Dec. 31, 2015

(15)	Subsequent Event

On February 19, 2016, the Partnership filed with the Security and Exchange Commission a definitive proxy statement to solicit limited partner approval (i) to authorize the sale of substantially all the assets of the Partnership to NCTV, as set forth in the purchase agreement, (ii) to authorize an amendment to the Partnership Agreement, to exclude the proposed sales transaction from the independent appraisal procedures that would otherwise be required by the Partnership Agreement. If the two proposals are approved by holders of a majority of the outstanding limited partnership units

, the operating assets of the Partnership will be sold to NCTV and pursuant to the terms of the partnership agreement, the limited partnership will be dissolved and the general partner will wind up the business and affairs of the Partnership without requiring any further consent or vote by the limited partners. If the two proposals are not approved, the general partner will continue its efforts to identify prospective purchasers for the Partnership’s assets and initiate the process to solicit the vote of the limited partners, under separate proxy, to extend the term of the partnership agreement currently expiring on December 31, 2016.

NORTHLAND CABLE PROPERTIES EIGHT LIMITED PARTNERSHIP 10-K